The sponsor has engaged Multifamily Select, Inc. on the renovation of this 100 unit elderly project. A new single asset entity will be formed and application will be made to the Department of Housing and Urban Development for a 221(d)4 sub rehab loan to cover the physical needs of this 40 year old property. Upgrades will include the replacement of all major mechanical systems, including the removal of the existing flat roof and replacement with a new truss system, and all interior upgrades. The existing EFIS system will be replaced with a new masonry exterior.
Burlington Homes, Burlington, NC
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